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News Summary: Las Vegas Sands profit higher

News Summary: Las Vegas Sands profit up, but Wall Street expected stronger growth

Associated Press

LAS VEGAS (AP) -- BIG MONEY: Las Vegas Sands' fourth-quarter profit grew by 33 percent from the year before. For the full year, net income rose to $2.31 billion from $1.52 billion in 2012.

WANTING MORE: The results still fell short of Wall Street's expectations. Analysts had predicted an adjusted profit of 83 cents per share, and Sands delivered 72 cents.

EYE ON LOANS: Adelson said he would be prudent with the extra cash, saying he didn't want a repeat of 2008, when he used his own money to bail the company out.